Which is cheaper, JEPQ or XVSP?

JEPQ charges 0.35% a year and XVSP charges 0.85%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs XVSP: Dividend Yield & Total Return

JEPQ and XVSP both write options for income.

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Net assets on Nov 3, 2026: $42.1bn for JPMorgan Nasdaq Equity Premium Income ETF and $4.5m for FT Vest SPCX & Target Income ETF.

JEPQ on its own →XVSP on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

2.7%

XVSP cash paid, since launch, Aug 26, 2026

+10.4%

JEPQ total return, 1 year

−2.2%

XVSP total return, since launch, Aug 26, 2026

JEPQ · 1 year to Nov 4, 2026 1.9 pts behind QQQ

JEPQ

+10.4%

QQQ

+12.3%

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% of it arrived as cash

1.9 pts behind QQQ

Total return, distributions reinvested

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% as cash

1.9 pts behind QQQ

11.9% of it arrived as cash. Total return, distributions reinvested. JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XVSP · since launch to Nov 4, 2026 About even with SPCX

XVSP

−2.2%

SPCX

−2.7%

About even with SPCX

XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.

SPCX

−2.7%

XVSP

−2.2%

about even with SPCX

Total return, distributions reinvested

About even with SPCX

XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.

SPCX

−2.7%

XVSP

−2.2%

about even with SPCX

2.7% of it arrived as cash. Both charts share one scale, with zero at the line. XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JEPQ costs 0.50 points a year less; JEPQ is far larger, $42.1bn against $4.5m.

Points (pts) are percentage points.

JEPQ vs XVSP: Dividend Yield & Total Return
Measure	JEPQ	XVSP
Paid and earned
Measure	JEPQ	XVSP
Total return, 1 year	+10.4%	not published
Price change	fell 1.9% (1 year)	fell 4.6% (since Aug 26, 2026)
Return of capital, issuer estimate		100% of the Oct 30, 2026 payment
Against its benchmark
Measure	JEPQ	XVSP
Benchmark	Nasdaq-100, measured through QQQ	Space Exploration Technologies (SPCX)
Cost and size
Measure	JEPQ	XVSP
Expense ratio	0.35%	0.85%
Net assets, as of Nov 3, 2026	$42.1bn	$4.5m
Holdings
Measure	JEPQ	XVSP
Holdings in common	2%

Method

What they share

By the books each fund has filed, JEPQ and XVSP hold 2% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first JEPQ XVSP

SPACE EXPLORATION TECHNOLOGIES CORP 1.61% 50.05%

Only in one fund ↓

Only in JEPQ

NVIDIA CORP COMMON STOCK 7.09%

APPLE INC COMMON STOCK 6.76%

MICROSOFT CORP COMMON 5.61%

MICRON TECHNOLOGY INC 4.19%

ALPHABET INC-CL C 4.10%

AMAZON.COM INC COMMON 3.98%

ADVANCED MICRO DEVICES 3.31%

META PLATFORMS INC COMMON 2.70%

Only in XVSP

2027-01-21 S&P 500® Mini Index P 1,500.03 342.87%

2027-01-21 S&P 500® Mini Index C 500.03 122.35%

2027-01-21 S&P 500® Mini Index C 1,500.03 0.00%

2027-01-22 Space Exploration Technologies Corp. (Class A) C 1,327.41 0.00%

2027-01-21 S&P 500® Mini Index P 500.03 -0.49%

2026-11-06 Space Exploration Technologies Corp. (Class A) C 135 -0.52%

2027-01-22 Space Exploration Technologies Corp. (Class A) P 1,327.41 -416.73%

Check overlap with more funds →

Side by side

JEPQ JPMorgan Nasdaq Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the Nasdaq-100, paying monthly XVSP FT Vest SPCX & Target Income ETF · Option income on SPCX

Issuer JPMorgan First Trust

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) Space Exploration Technologies (SPCX)

Pays monthly not established

Payout rate, annualized 11.3% 16.6%

Expense ratio 0.35% 0.85%

Cash paid, 1 year 11.9% 2.7% (since launch, Aug 26, 2026)

Price change, 1 year −1.9% −4.6% (since launch, Aug 26, 2026)

Total return, 1 year +10.4% −2.2% (since launch, Aug 26, 2026)

Benchmark return, 1 year +12.3% −2.7% (since launch, Aug 26, 2026)

Ahead or behind −1.9 pts +0.5 pts (since launch, Aug 26, 2026)

Return of capital, latest estimate not published 100%

Age 4.5 years 70 days

Net assets, as of Nov 3, 2026 $42.1bn $4.5m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: JEPQ vs XVSP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	XVSP	JEPQ	XVSP	JEPQ	XVSP
3 months	−0.9%	–	3.0%	–	+2.6 pts	–
6 months	+2.3%	–	6.2%	–	+2.6 pts	–
1 year	+10.4%	–	11.9%	–	−1.8 pts	–
3 years	+66.7%	–	38.3%	–	−24.7 pts	–
Since launchNot the same days: JEPQ May 2022 · XVSP Aug 2026	+85.2%	−2.2%	51.4%	2.7%	−30.6 pts	+0.4 pts

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Alert

About each fund

JEPQ

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price fell 1.9%. With every distribution reinvested, the fund returned +10.4%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.3%, paid monthly.

XVSP

Over the period from its first trade on Aug 26, 2026 to Nov 4, 2026, XVSP paid 2.7% of its starting value in cash distributions while its price fell 4.6%. With every distribution reinvested, the fund returned −2.2%. Space Exploration Technologies (SPCX) returned −2.7% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid periodically. First Trust estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JEPQ or XVSP?: JEPQ charges 0.35% a year and XVSP charges 0.85%, so JEPQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs YSPC JEPQ vs XSHP JEPQ vs DYLG JEPQ vs DDDD XVSP vs QQQI XVSP vs QYLD XVSP vs QDTE XVSP vs QYLG

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →JEPQ on its own →XVSP on its own →JEPQ dividend history →JEPQ holdings →XVSP dividend history →XVSP holdings →Method →Standards and sources →

Sources and dates

JEPQ filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

XVSP filings on SEC EDGAR ↗

XVSP prospectus with the expense ratio (SEC) ↗

XVSP 19a-1 distribution notice ↗

First Trust page for XVSP ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, JEPQ against XVSP, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-xvsp

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